What is Forex Rebate?
Rebate, or cashback, is a reward that Forex traders receive based on their paid commission, spread, and swap. In this process, the Introducing Brokers (IBs) pays back a percentage of the traders' expenses.
To receive rebate, traders must register with a broker through an IB referral link or have their trading account linked to an IB.
How to Use the Forex Rebate Calculator?
To use the TradingFinder Forex Rebate Calculator, enter the detailed IB rebate program information and your trading details into the six sections of this tool. Steps to use the TradingFinder tool:
- Discount Type: Define the rebate type based on the IB program—whether cashback is paid in pips or as monetary credit;
- Forex Currency Pair: The rebate calculator supports major, minor, and exotic currency pairs, such as EUR/USD, GBP/JPY, USD/CHF, and AUD/NZD;
- Base Currency: Select the base currency (account deposit currency) from 24 supported options (e.g., USD, EUR, GBP, JPY, CHF, etc.);
- Rebate Rate per Lot: The rebate rate depends on the IB's payout structure. Enter the cashback amount received per lot;
- Trading Volume: Enter the number of lots traded on Forex currency pairs;
- Determine Currency Conversion Rate: Fetch real-time market data for conversion rate or write it manually;
- Calculate: Click “Calculate” to receive the rebate estimation.
Note that you can use the “Reset” option to reset all values and make new inputs.
Forex Rebate Calculation Formula
The formula for calculating rebate in the Forex market is as follows:
Example of Using the TradingFinder Forex Rebate Calculator
Suppose you are trading the EUR/USD currency pair and want to calculate the rebate. Enter the following parameters into the TradingFinder cashback calculator:
- Rebate Type: Pip
- Trading Symbol: EUR/USD
- Rebate Currency: USD
- Currency Pair Price: 14
- Rebate per Lot: 5 pips
- Traded Volume: 1 standard lot (100,000 units)
After entering these values and clicking the “Calculate” button, the cashback amount will be calculated.
What Is the Purpose of the Forex Rebate Calculator?
With the TradingFinder Cashback Calculator, you can calculate the exact rebate amount up to two decimal places and factor it into your net profit.
Other use cases of this tool include:
- Estimating the actual net profit of a trade after rebate is applied;
- Comparing brokers based on their offered rebate rates;
- Calculating cashback in both pip-based and monetary formats;
- Computing rebates based on trading volume.
Why Use the TradingFinder Forex Rebate Calculator?
The TradingFinder product accurately calculates earnings from IB cashback programs. The tool allows cashback calculations for over 50 Forex currency pairs and precisely considers currency conversion rates.
Which Forex Symbols Can Be Calculated in the Cashback Calculator?
The TradingFinder Rebate Calculator supports cashback calculations for over 50 Forex pairs and symbols. Some of the most important ones include:
- Euro to US Dollar "EUR/USD"
- Brent Crude Oil "BRENT"
- Gold to US Dollar "XAU/USD"
- Silver to US Dollar "XAG/USD"
- Australian Dollar to US Dollar "AUD/USD"
TradingFinder; A Trusted Introducing Broker
As one of the most recognized and reliable IBs, TradingFinder collaborates with a network of financial service providers, including Forex brokers. Through these partnerships, TradingFinder offers rebate and cashback services to traders.